News 2015

June 1, 2015 (TSX Venture: LRA) - Lara Exploration Ltd., (“Lara” or the “Company”) is pleased to report results from fourteen diamond drill holes (total 2,156.9 metres) completed by partner Tessarema Resources Inc. (“Tessarema”), at the Osmar target within the Curionópolis Copper Project, in Pará State, Brazil. The best intercepts from this program are summarized in the following table:

Hole #

Section

From (m)

To (m)

Interval (m)

Copper (%)

Gold (ppm)

CuEq * (%)

MO-FD3

9327500 N

102

158

56

16.51

0.34

16.71

MO-FD6

9327450 N

56

66

10

2.48

2.13

3.76

MO-FD9

9327550 N

7

49

42

4.48

0.27

4.64

MO-FD10

9327550 N

89

101

12

8.94

0.47

9.22

MO-FD11

9327500 N

178

196

18

5.51

0.68

5.92

MO-FD14

9327600 N

129

137

8

6.83

0.25

6.98

MO-FD15

9327500 N

191

198

7

4.40

0.77

4.86

MO-FD16

9327450 N

9

43

34

3.04

0.87

3.56

MO-FD18

9327475 N

121

162

41

6.17

0.96

6.74

MO-FD19

9327525 N

52

103

51

5.38

0.79

5.85

Copper Equivalent calculated as ((Copper %) + (0.6 * g/t Gold))

Lara previously reported results for a significant drill hole CRCD-06 with strong supergene copper and gold mineralization from this target, with a mineralized interval of 53.8 metres at 9.59 % Cu and 3.3 g/t Au from 90 metres down hole (see Company News Release of December 1, 2011 for details). The results reported here are for drill holes on the same section as CRCD-06 and on cross-sections at a 25 metre and 50 metre spacing both to the north and to the south of the section, in order to define the extensions along the strike trend and down-dip of the supergene mineralization identified previously. The following table summarizes all the results and intercepts from this program:

Hole #

Section

From (m)

To (m)

Interval (m)

Copper (%)

Gold (ppm)

CuEq * (%)

MO-FD3

9327500 N including

0

34

34

1.79

0.37

2.01

41

58

17

0.69

0.08

0.74

68

71

3

0.47

0.09

0.52

90

93

3

2.94

0.85

3.45

102

158

56

16.51

0.34

16.71

111

130

19

43.31

0.63

43.69

163

174

11

6.46

0.26

6.62

MO-FD5

9327450 N

No significant intersections

MO-FD6

9327450 N

11

52

41

2.28

0.3

2.46

56

66

10

2.48

2.13

3.76

71

73

2

1.52

0.36

1.74

MO-FD9

9327550 N

7

49

42

4.48

0.27

4.64

79

84

5

0.31

0.01

0.32

MO-FD10

9327550 N

6

17

11

2.73

0.02

2.74

29

36

7

0.88

0.01

0.89

44

53

9

0.73

0.10

0.79

68

70

2

0.93

0.03

0.95

89

101

12

8.94

0.47

9.22

130

135

5

0.52

0.02

0.53

MO-FD11

9327500 N

0

23

23

1.14

0.44

1.41

129

151

22

0.89

0.16

0.99

166

169

3

1.94

0.37

2.16

178

196

18

5.51

0.68

5.92

MO-FD13

9327600 N

4

50

46

2.11

0.25

2.26

60

68

8

0.41

0.00

0.41

107

109

2

0.76

0.02

0.77

MO-FD14

9327600 N

7

11

4

0.67

0.00

0.67

129

137

8

6.83

0.25

6.98

MO-FD15

9327500 N

3

10

7

0.72

0.04

0.74

185

187

2

0.53

0.07

0.57

191

198

7

4.40

0.77

4.86

214

217

3

1.04

0.13

1.12

MO-FD16

9327450 N

9

43

34

3.04

0.87

3.56

78

80

2

5.2

0.42

5.45

MO-FD17

9327425 N

11

33

22

1.35

0.02

1.36

MO-FD18

9327475 N

4

41

37

1.27

0.52

1.58

61

72

11

0.84

0.16

0.93

76

80

4

1.27

1.03

1.89

92

108

16

1.15

0.16

1.24

121

162

41

6.17

0.96

6.74

MO-FD19

9327525 N

0

38

38

2.36

0.11

3.02

52

103

51

5.38

0.79

5.85

MO-FD20

9327525 N

0

22

22

1.31

0.97

1.89

62

64

2

4.07

0.37

4.29

95

103

8

1.63

0.14

1.71

109

116

7

1.76

0.11

1.82

125

148

23

2.29

0.18

2.40

Copper Equivalent calculated as ((Copper %) + (0.6 * g/t Gold))

The mineralized intervals have been calculated using a cut-off of 0.3% copper and reporting weighted average gold values within the copper intervals. A maximum of 3 metres of internal waste was incorporated into the mineralized intervals. No top cut was applied to the gold values. All the holes reported here are vertical holes and as such cut the steep east-dipping mineralized structure at an oblique angle, so the intervals reported do not necessarily represent true mineralized thicknesses.

Quality Control

Intertek Brasil (part of Intertek Group plc.) carried out the sample preparation and copper and gold analyses at its laboratory Parauapebas close to the project, and multi-element analyses were made in their laboratory in São Paulo. Intertek follows industry standard quality assurance and quality control procedures with duplicates, multiple standards and blank samples run with each sample batch. Michael Bennell, Lara’s Vice President Exploration and a Fellow of the Australasian Institute of Mining and Metallurgy (AusIMM), is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects and is responsible for the preparation and verification of the technical information in this release.

About Lara

Lara is an exploration company following the Prospect Generator business model, which aims to minimize shareholder dilution and financial risk by generating prospects and then exploring them in joint ventures funded by partners. The Company currently holds a diverse portfolio of prospects and deposits in Brazil, Peru, Colombia and Chile. Lara’s common shares trade on the TSX Venture Exchange under the symbol “LRA”.